Basically in this model because each is a random variable, you'll notice for 4 states the probabilities add up to 400%. For your second question I think what you are getting at is the debate between Bayesian models and Markov models which is whether or not states/choices/outcomes should be thought of as independently and random (Markov) or if we should include some sort of historical information to define our probabilities (Bayesian). That said I put a huge asterix on all of this, I did good maths just like I did good englishes.
Attribution: Do you give the last touchpoint all of the credit for a sale?
- Thread starter ed.brooks
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Basically in this model because each is a random variable, you'll notice for 4 states the probabilities add up to 400%. For your second question I think what you are getting at is the debate between Bayesian models and Markov models which is whether or not states/choices/outcomes should be thought of as independently and random (Markov) or if we should include some sort of historical information to define our probabilities (Bayesian). That said I put a huge asterix on all of this, I did good maths just like I did good englishes.
The great thing about web data is there is a ton of it. We also added the CRM (leads) and DMS (sales and ROs) data as nodes. This isn't a static model, rather a trained data set using machine learning (python to R). The prediction allows you to determine the next node probability and that definitely has use cases. There are also others. For example we came up with a concept called marketing resiliency. For this consider an example of a power grid and sub stations. In order to prevent black outs energy companies create redundancies so the electricity can path around a substation that goes out. Same goes for marketing. If you remove a node more traffic paths through the other nodes. Therefor each carries more of the weight creating a higher risk factor. Basically to many eggs in one basket.
In terms of error testing that is part of the model validation and input feature tuning. For that process I believe (if I can recall) we used an out of bag testing procedure.
- Feb 11, 2015
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Did Google Just Kill Independent Attribution?
https://adexchanger.com/analytics/did-google-just-kill-independent-attribution/
Just as dealers will accept them eventually...
Winners And Losers
So, who wins and who loses?
Obviously, the hardest hit are non-Google MTA providers, including solution vendors and consultants.
Not all MTA vendors have a tag they deploy to create their own ID. Those that do are the larger and longer-established platforms such as Nielsen (Visual IQ), Neustar (MarketShare) and Flashtalking (Encore). Others that relied on log files face a difficult path. And still others, such as Oath’s Convertro, just gave up the stand-alone battle.
To survive, independent MTA vendors will have to focus on their omnichannel models, pairing MTA and MMM for a holistic view of online and offline media. They will need wide reach through their own data collection. And they will in effect need a unique user ID that is able to deduplicate across many data sources and devices. This requires a roster of partnerships, including cross-device data vendors, that themselves face challenges.
Also affected are agency analytics teams and MTA consultants. Without log files to analyze, they’re reduced to the less lucrative role of report jockeys. Being smart, some will refine their expertise to focus on ADH, and some will switch to different problems. But some jobs will change.
Beyond MTA, any provider that used DIDs somewhere in their workflow is affected. These include onboarders, marketing analytics and location data providers, and others.
And what about Alphabet/Google? It’s a massive media company that earns $1 in every $3 spent around the world on digital ads. Ad serving is a minuscule part of its business. Losing a few clients, even large ones, won’t have any impact on Alphabet’s life so long as they continue buying paid search and video ads. Which they will.
And what about consumers? Privacy is important and GDPR is real. Many Google partners publicly applaud this move while privately asking questions. For example:
Google is challenging marketers to scramble around it or accept its terms. In the end, most marketers will write down pros/cons, take a deep breath, and say, “OK, Google.”
https://adexchanger.com/analytics/did-google-just-kill-independent-attribution/
Just as dealers will accept them eventually...
Winners And Losers
So, who wins and who loses?
Obviously, the hardest hit are non-Google MTA providers, including solution vendors and consultants.
Not all MTA vendors have a tag they deploy to create their own ID. Those that do are the larger and longer-established platforms such as Nielsen (Visual IQ), Neustar (MarketShare) and Flashtalking (Encore). Others that relied on log files face a difficult path. And still others, such as Oath’s Convertro, just gave up the stand-alone battle.
To survive, independent MTA vendors will have to focus on their omnichannel models, pairing MTA and MMM for a holistic view of online and offline media. They will need wide reach through their own data collection. And they will in effect need a unique user ID that is able to deduplicate across many data sources and devices. This requires a roster of partnerships, including cross-device data vendors, that themselves face challenges.
Also affected are agency analytics teams and MTA consultants. Without log files to analyze, they’re reduced to the less lucrative role of report jockeys. Being smart, some will refine their expertise to focus on ADH, and some will switch to different problems. But some jobs will change.
Beyond MTA, any provider that used DIDs somewhere in their workflow is affected. These include onboarders, marketing analytics and location data providers, and others.
And what about Alphabet/Google? It’s a massive media company that earns $1 in every $3 spent around the world on digital ads. Ad serving is a minuscule part of its business. Losing a few clients, even large ones, won’t have any impact on Alphabet’s life so long as they continue buying paid search and video ads. Which they will.
And what about consumers? Privacy is important and GDPR is real. Many Google partners publicly applaud this move while privately asking questions. For example:
- Since the DID is anonymous and can’t be used for ad targeting, how does stripping it out protect privacy?
- How does more accurate campaign measurement hurt consumers?
- Why does every move Google makes in the name of privacy — such as removing keywords from referring URLs — help its business?
Google is challenging marketers to scramble around it or accept its terms. In the end, most marketers will write down pros/cons, take a deep breath, and say, “OK, Google.”
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@BenHadley and @jon.berna,
Thank you both for the follow-up.
I am more familiar with the Bayesian than the Markov model Ben. That clarification helped. thanks.
"Marketing resiliency" is a great term Jon. Have you trademarked it? It has been years ago now, but when I worked for the purple marketplace, dealers were certain that the audience was shared between purple and orange and that it didn't much matter which you chose because the consumer would visit both. Orange and purple had different variants of the same study citing a 25% crossover. Theoretically, canceling one of those nodes should affect the performance of the other. That makes sense to me. Thanks again for taking the time to answer my questions.
Thank you both for the follow-up.
I am more familiar with the Bayesian than the Markov model Ben. That clarification helped. thanks.
"Marketing resiliency" is a great term Jon. Have you trademarked it? It has been years ago now, but when I worked for the purple marketplace, dealers were certain that the audience was shared between purple and orange and that it didn't much matter which you chose because the consumer would visit both. Orange and purple had different variants of the same study citing a 25% crossover. Theoretically, canceling one of those nodes should affect the performance of the other. That makes sense to me. Thanks again for taking the time to answer my questions.
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@jon.berna @Jeff Kershner and I are crushing attribution at 1:00 PM Eastern today.
We'll even give you a monster to be mad at for destroying your future attribution attempts.
We'll even give you a monster to be mad at for destroying your future attribution attempts.
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Google Hasn’t Killed Attribution Modeling – It Never Really Worked To Begin With
https://adexchanger.com/data-driven...odeling-it-never-really-worked-to-begin-with/
Following Google’s announcement to no longer share user IDs externally, some industry voices have raised concerns about how this move would harm independent multitouch attribution (MTA).
Indeed, it is hard to deny that any attribution analysis, which attempts to determine the efficiency of different ads, would lack a big piece of the puzzle without Google’s data.
However, how useful was attribution modeling even before this happened?
https://adexchanger.com/data-driven...odeling-it-never-really-worked-to-begin-with/
Following Google’s announcement to no longer share user IDs externally, some industry voices have raised concerns about how this move would harm independent multitouch attribution (MTA).
Indeed, it is hard to deny that any attribution analysis, which attempts to determine the efficiency of different ads, would lack a big piece of the puzzle without Google’s data.
However, how useful was attribution modeling even before this happened?
- Feb 11, 2015
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Link to it? I'd like to see the details, especially from Mr. Berna.
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- Feb 11, 2015
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"Click trails, attribution, and all those other fancy marketing trackers are destined to die a hard death at the hands of legislation. And we’ve got a major WTF to Americans on where that legislation is coming from. Trust us when we say it will piss you off. Joe Berna has some CRAZY points and he is no doubt one of the smartest people in the car business. That’s why we call him “DR Truth” because he is the truth of DealerRefresh."
LOVE THIS, REALLY GOOD STUFF and HYPER USEFUL and REALISTIC
Fantastic from 11:00 to 40:00 mark in reference to tracking and identity resolution and the social platforms that are blatantly lying about their user numbers, especially Twitter (bots).
- Since Americans hate to be tracked, is there a future for most independent attribution tools (legislation)? It sounds bleak to me, especially with midterms coming shortly with both parties in agreement on it.
- Two versions of a product or company to satisfy legislation!? There's fundamental issues there.
- Google stopped passing unique identifiers? I had no idea, that's crazy.
- Great stuff from Mr. Synder in terms of his content matters most and 3P attribution being dead comments @ ~33:00 mark. Unless groups lie about the totality of their data collection and keep pitching it to dealers? Pointless...
- "Too much noise and not enough signals" -
@jon.berna
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